Mirant posts $29.41 million June operating income

By Caroline Salls

Pittsburgh, Aug. 10 - Mirant Corp. reported $29.41 million in operating income for June on net revenue of $356.54 million, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Northern District of Texas.

In May, the company posted an $8.99 million operating loss on net revenue of $271.07 million.

The net profit for June was $12.59 million, up from a net loss of $76.31 million in May.

Cash on June 30 was $1.5 billion, compared to $232.65 million at the end of May.

Mirant, an Atlanta-based power company, filed for bankruptcy on July 14, 2003. Its Chapter 11 case number is 03-46590.

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